DALLAS, TX (PRWEB)
September 22, 2017
Allegro Development Corp., a global leader in commodity trading and risk management (CTRM) software, announced today that Gelsenwasser AG, one of the largest drinking water suppliers and a growing provider of natural gas and power in Germany, has selected Allegro’s cloud-compatible CTRM solution, Allegro Horizon, to manage its power and gas operations.
Gelsenwasser’s decision to replace their legacy system was driven by the approaching end of support for their current solution, which covered significant parts of their CTRM-related activities. The German company determined that its users required a more intuitive solution that would allow front-to-back processing of multi-commodity trades in complex portfolio constellations.
During Gelsenwasser’s thorough vendor evaluation period, Allegro and one of its key technology and delivery partners, Quaternity, demonstrated that Allegro’s extensible CTRM software application would not only cover the company’s current needs and business processes, but also elevate their risk management domain expertise and smart portfolio balancing well beyond previous capabilities.
The Allegro/Quaternity solution was selected for its functional excellence, flexibility and configurability, automation and seamless integration into the existing Gelsenwasser IT landscape.
Frank Brienzi, CEO, Allegro Development:
“Today’s announcement highlights Allegro’s continued expansion into the German utilities market. Gelsenwasser’s selection of Allegro Horizon for commodity trading and risk management can be attributed to our software’s forward-compatibility, coupled with extensibility that allows for seamless integration with Quaternity’s sales portfolio solution.”
Peter Saliger, Head of Sales, Gelsenwasser:
“We chose Allegro Horizon because it is a state-of-the-art solution that satisfies our CTRM-related needs. Additionally, Quaternity is our preferred implementation partner due to the company’s many years of experience in CTRM-realization projects, coupled with a deep understanding of German utility companies. By utilizing Allegro’s CTRM solution with Quaternity’s functionality customization for our trading and risk management processes, we will be better positioned to master future challenges of digitalization in the energy sector. We look forward to getting…